BDX Surpasses Estimates with 1.6% Q4 Sales Growth

Becton, Dickinson & Company (NYSE:BDX) posted Q4 CY2025 results exceeding Wall Street expectations, reporting sales of $5.25 billion, up 1.6% year-on-year. Non-GAAP profit of $2.91 per share beat estimates by 3.5 percentage points. Supporting context: The company’s constant currency sales grew 5.8% YoY over the past two years, reflecting effective foreign exchange hedging. Q4 operating margin expanded 1.7 ppts to 10.5%, and the company maintained an average operating margin of 11.3% over five years. Looking ahead, sell-side analysts forecast 1.6% annual revenue growth and 8.7% full-year EPS growth from $13.90. However, Q4 full-year EPS guidance missed, and shares fell 4.9% to $199.69 on the report. Long-term sales growth has averaged 4.4% CAGR over five years, while EPS growth has been 2.8% CAGR, indicating incremental sales are profitable. The stock’s current valuation relative to its long-term quality remains a key factor for investors to assess timing and opportunity.